Durham, NC Scrap Metal Recycling Center, Yard, Buyers, Drop Off

Durham, NC Scrap Metal Recycling

27703, 27705, 27707, 227713

Great Prices, Buyers of Copper, Aluminum

Durham, NC scrap metal recycling is an important market for Raleigh Metal Recycling. We are buyers of copper, appliances, batteries, junk cars, cans, broken appliances and more. We are a Drop off Center that pays cash for your scrap metal. We buy from all zip codes including 27703, 27705, 27707, 27713, 27712, 27704. Raleigh Metal Recycling at 2310 Garner Road, Raleigh, NC, just down the road from Durham, North Carolina.

Durham County people go just down the road to Raleigh Metal Recycling to sell their scrap metal

Raleigh Metal Recycling

Closed, Monday, July 4th

Raleigh Metal Recycling will be closed Monday, for the July 4th Holiday. We will be open again, Tuesday morning at 8:00 AM to buy your scrap metal, copper, junk cars and more, while having the top prices per pound in North Carolina, NC, and Wake County. So come from Garner, Cary, Durham, Clayton, Smithfield and more for your scrap metal sales of Computers, Batteries and more.

Raleigh, NC Scrap Metal Recycling Report

This is the Scrap Metal & Commodities Recycling report, by BENLEE Roll off and Open Top Trailers as well as Raleigh and Goldsboro Metal Recycling.

Today is Monday November 9th, 2015.

U.S. steel production was down yet again last week and has been declining for months. Production also remains well below last year.

U.S. oil drilling rigs which use large amounts of steel, had their count fall yet again last week. There is no sign that workers that make steel for these rigs will be coming back to work anytime soon.

This chart of scrap steel prices of the last almost two years shows scrap steel is now selling for about a third of what it was less than two years ago. The U.S.’s largest foreign buyer of scrap steel is Turkey, which has been reducing their global scrap purchases, so combined with the U.S. where production and scrap use is declining, low scrap demand is bringing low prices.

Last week we showed a version of this chart that has annual average scrap steel prices going back to 1934, but this chart adds where prices are today. Our thanks to Michael Slifirski of Credit Suisse for the chart. Again this is the largest drop from an annual average price, in the approximately 155 years of the U.S. steel industry. This chart shows a drop of $204/GT from the high average price of 2014, which is a drop of $9.11/Hundred. If you looked at data from the peak of last year which was about $405/GT, that peak to today’s $148/GT, is a stunning drop of $257/GT, which is $11.47/hundred. To put this into perspective, a few years ago we were paying $12/Hundred for a 3,000 lb. Camry, which was US scrap price HMS 1/2 US$/t$360. Today we are paying $1.50/Hundred which is $45. We were paying 8 times more for that same car, a few years ago.

Lastly as it relates to scrap steel, looking at iron ore pricing and scrap steel pricing, as China’s economy slows and they reduce steel production, iron ore demand and then iron ore pricing will decline, which will take scrap steel prices down even further.

Copper declined last week and has been falling for about a month. While a couple of months ago copper prices stabilized after major copper mine shut down, China’s current low demand is a key reason for copper’s decline.

Looking that this 5 year copper price chart, it shows last week copper closed at an almost new 6+ year low. Related, yesterday, Sunday, China released very troubling trade data, which was well below expectations. In October China’s exports were down a large 6.9% from a year ago and their imports were down a staggering 18.8%.

Aluminum prices were up for the week, which was the first real uptick since the summer. The reason was pretty clear. Last week the largest producer of Aluminum, Alcoa announced shutting down three enormous smelters in the U.S. which will restrict supply.

But looking at this 5 year chart of Aluminum pricing, it is clear that Aluminum is trading near 6 year lows.

Steel prices continue to fall as discussed, which is great news for buyers of steel, but lower prices took a toll last week as U.S. Steel announced a major loss and announced they are scrapping moving to a new headquarters building to save costs. AreclorMittal, the largest steel producer in the world, also announced a major loss, with falling prices being a key reason.

We always like to end on a positive note, so last week, U.S. car sales were released and it is possible that 2015 will be a record sales year for the U.S. industry. The largest car market in the world is China and their sales were also up last month.

October U.S. job hiring was released last week. The data surpassed estimates with 271,000 new jobs created and the unemployment rate hit a new multi-year low at 5%.

With that we hope all have a Safe and Profitable week. My name is Greg Brown

NC Scrap Metal Prices in Raleigh for Copper, Aluminum and Junk Cars

NC Scrap metal prices for Steel are looking to be down yet again next week. We will be at prices from 1993. About 4 years ago, we were paying about $360 for a scrap Toyota Camry. We may only be able to pay about $35 next week for that same car, down more than 90%. The Chinese are not only dealing with their slowing economy, but they are flooding the U.S. with steel that they are making, which is hurting us here in the U.S. See the graph below. If steel comes down next week as we think it will, prices will be where they were in 1993, 22 years ago. For more information on prices see our weekly new video at: Scrap Pricing News Video

We remain working hard to be the best Raleigh Recycling Center in Wake County.